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KoinWorks Soon to Add Institutional Lenders from Overseas Next Year

Currently, there are four local financial institutions that have become lenders, including Sampoerna and Bank CIMB Niaga

KoinWorks reveals that it will soon add to its portfolio Actioncalendar institutions from abroad starting next year. There are two candidates Actioncalendar potential to be announced no later than the first quarter of 2020.

Co-Founder & CEO KoinWorks Benedicto Haryono is still reluctant to detail the identity of the candidate the lender the. However, the addition of these lenders has become the company's strategy in increasing the number of lending to investors borrowers.

He explained the company is already interesting Actioncalendar institution since early 2018, marked by the entry of Saison Modern Finance. Then in the middle of the year joined Bank Mandiri.

"This year we have Sampoerna and Bank CIMB Niaga. We already have others who [Actioncalendar institutions] international. Realization may be the first quarter of 2020," he told DailySocial, Friday (20/12).

Benedicto was reluctant to mention the total credit facilities obtained from Actioncalendar the institution. However, if the total for the whole is more than Rp. 100 billion.

Its contribution to financing disbursement is still relatively low, around 30% compared to Actioncalendar retail 70%. However, the company does not want to change the composition Actioncalendar institutions are more dominant because there are differences in terms of behavior and product preferences.

"In fact, we saw [lenders] retail and institutional will complement each other because behavior and product preferences different."

As of November 2019, the loan disbursement growth at KoinWorks reached 317% year on yeahr, with an average nominal value of Rp250 billion per month. From the user's point of view (borrowers) increased by 178%. Spread borrowers the majority are scattered in Java (59,44%), Sumatra (21,30%) and Kalimantan (7,75%).

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Seeing the large number of enthusiastic users in Java, the company opened three branch offices in Yogyakarta, Surabaya and Bandung. Total employees reach more than 230 people.

The latest news, the company has a business license from the OJK as a company p2p loans. In total there are 25 companies that have permits from the OJK, out of a total of 144 companies that have registered status.

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